I'm confused and need some help.
Story: Customer Steve signed up for a yearly product by accident, and only wanted monthly.
Yearly Product: $1,089.00
Monthly Product: $99.00
Customer charged $1,089.00
I then gave a cc refund back of $990.00
(Leaves the $99 payment for his purchase, which is now correct)
All good so far......
Here comes the credit card deposit, which I do not know how to mark in QBOL bank screen:
2/19/21 - Received cc deposit of $1,140.57
This reflects:
1. $1,089 charge for Steve above.
2. $99.00 charge for Russell (another customer)
3. -47.43 - misc cc fees
2/22/21 - Deduction from checking account to cc company to refund above customer:
-$807.29 deducted from checking account, which reflects the following:
1. -$990 refund back to Steve
2. $99.00 payment received from Patricks Purchase
3. $99.00 payment received from Eugenes Purchase
4. $6.97 cc fees
Questions:
I use Sales receipts and not invoices.
1. Should I create a sales receipt for Steve for $1,089 or $99? I originally did a sales receipt for $1,089 and then a second line credit on the sales receipt for $990.00, which left a correct purchase amount of $99.00.
How would you mark all of this all in QBOL? I keep getting confused The most simple way please :)
Thanks,
Ken
